bond.credit – Agentic Risk Coverage

Videos

Tech Stack

Node

Web3

Solidity

Description

Autonomous yield agents can only touch venues a human has whitelisted — everything else is off-limits, whatever it pays. Where coverage exists today, it moves at the speed of lawyers: bespoke deals, weeks of legal, priced for humans. Capital is constrained to the speed of human processes. ▎ ▎ Agentic Risk Coverage makes the risk a price. Zyfai's yield agent requests cover on a position it can't hold. bond.credit's underwriting agent prices the risk from its own underwriting data and returns a quote — and the agent can accept or counter. When they agree, the trade settles atomically on-chain through Cork Protocol's risk markets: cover tokens land in the agent's smart wallet, the premium pays the underwriter. If the position ever impairs, the agent exercises into liquid collateral at a fixed rate. Hard limits auto-reject anything unacceptable, like unaudited contracts. ▎ ▎ The stack: Cork's formally verified Phoenix risk markets and order book (settlement via the 1inch Limit Order Protocol v4), an ERC-4337 Safe smart wallet with sponsored gas as the agent's wallet, bond's underwriting engine and API, all live on Arbitrum One with real capital. Pricing v1 is a transparent heuristic — the reasoning engine is the roadmap, and every negotiation generates the underwriting data that trains it: better terms → more liquidity → more activity. Coverage builds confidence; confidence moves capital.

Progress During Hackathon

Friday: scope locked with Cork Protocol and Zyfai; Cork's Phoenix risk-market contracts deployed and Arbiscan-verified on Arbitrum One (CorkPoolManager, DefaultCorkController, CorkAdapter, ConstraintRateAdapter, SharesFactory); ERC-4337 Safe smart wallet server stood up (Safe 4337 v1.4.1, EntryPoint v0.7, Pimlico-sponsored gas). ▎ ▎ Saturday: live USDC risk market created on Cork; bond's underwriting agent monitoring the order book, pricing requests and quoting; full autonomous cycle working end-to-end on-chain without UI — request → quote → counter-offer → accept → atomic settlement, premium paid. ▎ ▎ Sunday: negotiation-feed UI on top of the working pipeline, live demo with real capital, pitch + demo videos. Built on production assumptions — this is the first slice of a Q3 pilot with our partners, not a throwaway demo. DEPLOYED SMART CONTRACTS: 0x069Aa4242E08A9A694E52428D27182D5905BB05c Bond EOA (supply) 0x9560Ee3BEFc1Bb7f9Cef8A6a904e04a948fD6bd9 Cork Pool Manager Øxc2De56fb1C7a85250ce69C37B4773767C77954AE Cork Market Creator 0x4B5B91cF4d1DAdb7439beB68926c86D2D8C68dBC Cork Limit Order Adapter 0xc915B0776189E5Fa021C60D76Da0c8D7F1997801 linch LOP v4 0x111111125421cA6dc452d289314280a0f8842A65 sUSDe (CA) 0x211Cc4DD073734dA055fbF44a2b4667d5E5fE5d2 YOUSD (REF) 0x0000000f2eB9f69274678c76222B35eEc7588a65 cPT 0x197d5AA3f2D0BD1D4063A96E59a381232D95f8AF cST 0x834d55a0916366640Ca27cB88907b471Ce7ed05A Pool ID 0xc0bafd4bb989adf53cd1c8a6e848afef922ab1b958281f91c0af70bc37f8dd1a DEMO WORKFLOW: Create sUSDe-yoUSD market (Bond EOA) 0x9707d9079e6929c35adb90c38fe06c4743ce84641a68ea854749ed9147f4eae5 (https://arbiscan.io/tx/0x9707d9079e6929c35adb90c38fe06c4743ce84641a68ea854749ed9147f4eae5) 2 Safe approves sUSDe → linch LOP 0x815904e1ed0717e9bb02adb05cc5d437d8b6764bba7a75977a62f7c9abbdb618 (https://arbiscan.io/tx/0x815904e1ed0717e9bb02adb05cc5d437d8b6764bba7a75977a62f7c9abbdb618) Safe posts BUY limit order orderHash 0x75ec23cc9000fe45704492a24b3b5223abca465346e304e2179dfa27d1e9c51c 4a Bond approves sUSDe → Cork adapter 0x8af24b5aa3f80b268500348562e616a1be88dca9b990473840b00727695e6cb6 (https://arbiscan.io/tx/0x8af24b5aa3f80b268500348562e616a1be88dca9b990473840b00727695e6cb6) 4b Bond approves cST → linch LOP 0xac2e174e2d2b5580fc309473e84d3e01d79e854c1ca8af54b09671ab62413924 (https://arbiscan.io/tx/0xac2e174e2d2b5580fc309473e84d3e01d79e854c1ca8af54b09671ab62413924) 4C Bond fills / lifts the Safe bid 0x299902c95a0c262f3c0744bb3f2d4d3b672b543012d2305dcf449842a6306eed (https://arbiscan.io/tx/0x299902c95a0c262f3c0744bb3f2d4d3b672b543012d2305dcf449842a630beed) 5 Safe exercises cST cover (depeg payout) 0x93b2993cfb420b12de6bf8b51181c7fdf939a00cbe4c0a56bd0f1d1ba145b425 (https://arbiscan.io/tx/0x93b2993cfb420b12de6bf8b51181c7fdf939a00cbe4c0a56bd0f1d1ba145b425)

Fundraising Status

Pre-seed. We bootstrapped our agent-underwriting data pipeline with $10K of our own capital and scaled to $100K deposited to agents through the Arbitrum mentorship program. Cork Protocol has committed test capital to the Q3 pilot, and we have ~$5M of indicative LP capital in the pipeline — much of it explicitly conditional on the coverage layer this project proves. Next step: seed the initial pilot pools this quarter.